Nonprofit · EIN 56-0859662
TRI-COUNTY INDUSTRIES INC
Tax-exempt · ROCKY MOUNT, NC 27801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,872,722 | $3,465,973 | $406,749 | $7,593,400 | $858,463 | $6,734,937 |
| June 30, 2024 | 990 | $4,869,263 | $3,273,520 | $1,595,743 | $6,598,063 | $683,732 | $5,914,331 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,491,009
- of which government grants
- $2,491,009
- Program service revenue
- $1,261,878
- Investment income
- $84,490
- Other revenue
- $35,345
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,527,809
- Salaries, compensation and benefits (total)
- $2,138,398
- Professional fundraising fees
- $0
- Occupancy
- $146,619
- Travel
- $58,912
- Depreciation
- $106,290
- Program services (functional)
- $2,579,390
- Management and general (functional)
- $886,583
Balance sheet and other
- Total assets, start of year
- $6,598,063
- Total assets, end of year
- $7,593,400
- Total liabilities, end of year
- $858,463
- Net assets, end of year
- $6,734,937
- Land, buildings and equipment
- $687,532
- Publicly traded securities
- $2,948,995
- Net assets without donor restrictions
- $6,734,937
- Gross receipts
- $3,872,722
- Employees
- 152
- Year formed
- 1966
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SHARPE | PRESIDENT Officer | 36 | $101,250 |
| KRISTEENA BEASLEY | SECRETARY Trustee or director, Officer | – | $0 |
| DIANNA CLARK | TREASURER Trustee or director, Officer | – | $0 |
| GUSTY COATS | CHAIR Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SHARPE | PRESIDENT Officer | 36 | $73,065 |
| GUSTY COATS | INTERIM CHAI Trustee or director, Officer | – | $0 |
| ROBERT BRUCE ROSELL | SECRETARY Trustee or director, Officer | – | $0 |
| CHRISTY TAYLOR | PAST CHAIR Trustee or director, Officer | – | $0 |
| ALPESH THAKER | TREASURER Trustee or director, Officer | – | $0 |
| MEREDITH DAVIS | FINANCE OFFI Officer | 36 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 ATLANTIC AVE, ROCKY MOUNT, NC 27801-2710
- Principal officer (990 for 2024)
- MARGARET SHARPE, 1250 ATLANTIC AVENUE, ROCKY MOUNT, NC 27801
- Signed the 990
- MARGARET SHARPE, PRESIDENT
- Phone
- (252) 977-3800
- Website
- WWW.TCIWORKS.COM
- Return prepared by
- GREGORY T REDMAN CPA
Mission
TCI IS DEDICATED TO MAKING A POSITIVE IMPACT ON THE LIVES OF THOSE WHO HAVE DIABILITIES OR DISADVANTAGES BY PROVIDING WORK ASSESSMENT, JOB TRAINING AND JOB PLACEMENT SERVICES.
Program accomplishments
- ADULT DEVELOPMENT AND VOACTIONAL PROGRAM (ADVP)/COMMUNITY LIVING FACILITIES AND SUPPORT (CLFS) SERVES INDIVIDUALS WITH SIGNICIANT DEVELOPMENTAL DISABILITIES. THIS IS A LONG TERM PROGRAM THAT PROVIDES WORK TRAINING, COMPENSATORY EDUCATION, VOLUNTEER OPPOTUNITIES AND SENIOR SERVICES.Expenses $1,386,971
- PRODUCTION ACITIVITES PROVIDE WORK TRAINING, INCLUDING ASSEMBLY, INPSECTION, MATERIAL HANDLING AND HOUSEKEEPING TO PERSONS WITH DISABILITIES AND DISADVANTAGES. CLIENTS PERFORM WORK FOR AREA INDUSTRIES. PRODUCTION ACTIVITIES NOT ONLY PROVIDE WAGES FOR INDIVIDUALS, IT IS THE MEANS TO TEACH APPROPRIATE WORK BEHAVIORS AND THE IMPORTANCE OF GOOD QUALITY WORK.Expenses $1,192,419
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0859662
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,593,400
- Income (IRS master file)
- $3,872,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,872,722 | $3,465,973 | $7,593,400 | XML |
| 990 | June 2024 | $4,869,263 | $3,273,520 | $6,598,063 | XML |
| 990 | June 2023 | $2,759,644 | $2,736,965 | $4,343,580 | IRS |
| 990 | June 2022 | $2,747,218 | $2,275,065 | $4,090,641 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0859662).
Questions about TRI-COUNTY INDUSTRIES INC
- What is the EIN of TRI-COUNTY INDUSTRIES INC?
- The employer identification number (EIN) of TRI-COUNTY INDUSTRIES INC is 56-0859662.
- Is TRI-COUNTY INDUSTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to TRI-COUNTY INDUSTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRI-COUNTY INDUSTRIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRI-COUNTY INDUSTRIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRI-COUNTY INDUSTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TRI-COUNTY INDUSTRIES INC?
- The 990 for the year ended June 30, 2025 names MARGARET SHARPE.
- Who are the officers and directors of TRI-COUNTY INDUSTRIES INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $101,250 (MARGARET SHARPE, PRESIDENT).
- How much revenue does TRI-COUNTY INDUSTRIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,872,722, expenses of $3,465,973 and total assets of $7,593,400 at year end.
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